Argentina Oil and Gas Services Tenders and Bids

Get access to latest Argentina oil gas services tenders and bids. Find business opportunities and government contracts for Argentina oil and gas services tenders, Argentina oil gas exploration tenders, oil gas plant maintenance tenders, Argentina oil gas supply tenders, Argentina oil gas testing tenders, Argentina oil gas pipeline tenders, Argentina drilling tenders, Argentina logging tenders. Find Argentina oil gas services bids, tenders, procurement, RFPs, RFQs, ICBs. Argentina is a developing country. Its economy is the second-largest national economy in South America, behind Brazil. Argentina benefits from rich natural resources, a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Argentina's economic performance has historically been very uneven, with high economic growth alternating with severe recessions, particularly since the late twentieth century. Income maldistribution and poverty have increased since this period. Argentina's currency declined by about 50% in 2018 to more than 38 Argentine pesos per U.S. Dollar. As of that year, it is under a stand-by program from the International Monetary Fund. In 2019, the currency fell further by 25%. Argentina is considered an emerging market by the FTSE Global Equity Index (2018), and one of the G-20 major economies. Petroleum, also known as crude oil and oil, is a naturally occurring, yellowish-black liquid found in geological formations. It is commonly refined into various fuels and chemicals. Components of petroleum are separated by means of distillation. Petroleum mainly consists of hydrocarbons as well as traces of other organic compounds. The name petroleum covers both naturally occurring unprocessed crude oil and petroleum products that are made up of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Fuel oil (also known as heavy oil, marine fuel, bunker, furnace oil, or gasoil) is a fraction obtained from the distillation of petroleum (crude oil). It includes distillates (the lighter fractions) and residues (the heavier fractions). Oil has many uses; it heats homes and businesses and fuels trucks, ships, and some cars. A small amount of electricity is produced by diesel, but it is more polluting and more expensive than natural gas. It is often used as a backup fuel for peaking power plants in case the supply of natural gas is interrupted or as the main fuel for small electrical generators.